Shearman And Sterling

News September 03, 2021

Cellebrite Completes Combination with SPAC TWC Tech Holdings

Shearman & Sterling represented the placement agents, BofA Securities and J.P Morgan Securities, in a $300 million securities offering towards the business combination of Cellebrite and TWC Tech Holdings, which was completed August 31, 2021. Following this PIPE (private investment in public equity) deal, the combined company, retaining the name Cellebrite, and its ordinary shares and warrants began trading on Nasdaq under the tickers “CLBT” and “CLBTW.”

Cellebrite, founded in Israel, is a global leader in digital intelligence solutions for the public and private sectors. TWC Tech Holdings is a SPAC, or special purpose acquisition company, designed for this purpose. The completed combination will enable Cellebrite to expand their offerings for digital investigations in public and private sectors around the world.

The Team